Artificial Intelligence in Manufacturing Market by Component, Technology (ML, Computer Vision, NLP), Application (Cybersecurity, Robot, Planning), Industry (Electronics, Energy, Automotive, Metals and Machine, Food and Beverages) – Global Forecast to 2027

  • Report ID:MRICT - 104281
  • Pages: 180
  • Mar 2020
  • Formats*: PDF
  • Category: Information & Communications Technology
  • Delivery: 2 to 4 Hours

1. Introduction 
    1.1 Market definition
    1.2 Scope of study
    1.3 Market Ecosystem
    1.4 Currency & Limitation
          1.4.1 Currency
          1.4.2 Limitations
    1.5 Key Stake Holders

2. Research Methodology
    2.1 Research Approach
    2.2 Data Collection and Validation
          2.1.1 Primary Research
          2.1.2 Secondary Research
    2.3 Market Assessment
          2.3.1 Market Size Estimation
                   2.3.1.1 Bottom-up Approach
                   2.3.1.2 Top-Down Approach
                   2.3.1.3 Growth Forecast
          2.3.2 Market Share Analysis
    2.4 Assumptions for the Study

3. Executive Summary
    3.1 Market Overview
    3.2  Market Analysis, by Component
    3.3 Market Analysis, by Technology
    3.4 Market Analysis, by Application
    3.5 Market Analysis, by Indusrty Vertical
    3.6 Market Analysis, by Geography
    3.7 Competitive Analysis

4. Market Insights
    4.1 Introduction
    4.2 Market Dynamics
          4.2.1 Drivers
                   4.2.1.1 Advent of Industrial 4.0
                   4.2.1.2 Increasing Huge and Complex Amount of Dataset
                   4.2.1.3 Rising Adoption of Industrial IoT
          4.2.2 Restraints
                   4.2.2.1 Lack of Infrastructure & High Procurement Operating cost
          4.2.3 Opportunities
                   4.2.3.1 Growth in Operational Productivity in Manufacturing Operations
                   4.2.3.2 Rising Demand of AI-Based Applications
          4.2.4 Challenges 
                   4.2.4.1 Concerns Over Data Privacy and Security Breach
          4.2.5 Trends 
                   4.2.5.1 Growing Usage of Computer Vision in Manufacturing
                   4.2.5.2 Rising Adoption of 5g Technology
    4.3 Key Innovators
    4.4 Value Chain Analysis

5. Global Artificial Intelligence in Manufacturing Market, by Component
    5.1 Introduction
    5.2 Hardware
          5.2.1 Processors
          5.2.2 Networking Solutions 
          5.2.3 Memory Solutions
    5.3 Software
          5.3.1 AI Platforms
          5.3.2 AI Solutions
    5.4 Services
          5.4.1 Deployment & Integration
          5.4.2 Support & Maintenance

6. Global Artificial Intelligence in Manufacturing Market, by Technology
    6.1 Introduction
    6.2 Machine Learning
    6.3 Computer Vision
    6.4 Natural Language Processing
    6.5 Context-Aware Computing

7. Global Artificial Intelligence in Manufacturing Market, by Application
    7.1 Introduction 
    7.2 Field Services 
    7.3 Quality Management 
    7.4 Cybersecurity 
    7.5 Industrial Robot 
    7.6 Predictive Maintenance & Machinery Inspection 
    7.7 Material Handling 
    7.8 Production Planning 

8. Global Artificial Intelligence in Manufacturing Market, by Industry Vertical 
    8.1 Introduction
    8.2 Semiconductors & Electronics
    8.3 Energy & Power
    8.4 Pharmaceuticals
    8.5 Medical Devices
    8.6 Automotive 
    8.7 Heavy Metals & Machine Manufacturing
    8.8 Food & Beverages

9. Global Artificial Intelligence in Manufacturing Market, by Region
    9.1 North America
          9.1.1 U.S.
          9.1.2 Canada
    9.2 Europe
          9.2.1 U.K.
          9.2.2 Germany
          9.2.3 France
          9.2.4 Italy
          9.2.5 Spain
          9.2.6 Rest of Europe
    9.3 AsiaPacific
          9.3.1 China
          9.3.2 Japan
          9.3.3 India
          9.3.4 South Korea
          9.3.6 Rest of AsiaPacific
    9.4 Latin America
    9.5 Middle East and Africa

10. Global Artificial Intelligence in Manufacturing Market-Competitive Landscape
      10.1 Competitive Growth Strategies
              10.1.1 Acquisitions
              10.1.2 Expansions
              10.1.3 New Product Launches and Upgradation
              10.1.4 Agreements and Partnerships 
      10.2 Key Players
      10.3 Competitive Benchmarking

11. Company Profiles
      11.1 Google LLC
      11.2 IBM Corporation
      11.3 Intel Corporation
      11.4 Microsoft Corporation
      11.5 Nvidia Corporation
      11.6 Oracle Corporation
      11.7 Amazon Web Services, Inc.
      11.8 Siemens AG
      11.9 General Electric Company
      11.10 SAP SE
      11.11 Robert Bosch GmbH
      11.12 Cisco Systems, Inc.
      11.13 Rockwell Automation
      11.14 Advanced Micro Devices
      11.15 Sight Machine  

12. Appendix
      12.1. Questionnaire
      12.2. Available Customizations 

LIST OF TABLES

Table 1 Currency Conversion rate into USD, 2016-2019
Table 2 Global AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 3 Global AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 4 Global AI Software in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 5 Global AI Platform in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 6 Global AI Solution in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 7 Global AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 8 Global AI Services in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 9 Global AI Deployment & Integration Services in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 10 Global AI Support & Maintenance Services in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 11 Global AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 12 Global AI Hardware in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 13 Global AI Hardware in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 14 Global AI Hardware in Manufacturing Market Size for Networking, by Country/Region, 2018-2027 ($Million)
Table 15 Global AI Hardware in Manufacturing Market Size for Memory, by Country/Region, 2018-2027 ($Million)
Table 16 Global AI Processors in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 17 Global AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 18 Global AI in Manufacturing Market Size for Machine Learning, by Country/Region, 2018-2027 ($Million)
Table 19 Global AI in Manufacturing Market Size for Natural Language Processing, by Country/Region, 2018-2027 ($Million)
Table 20 Global AI in Manufacturing Market Size for Computer Vision, by Country/Region, 2018-2027 ($Million)
Table 21 Global AI in Manufacturing Market Size for Context-Aware Computing, by Country/Region, 2018-2027 ($Million)
Table 22 Global AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 23 Global AI in Manufacturing Market Size for Field Services, by Country/Region, 2018-2027 ($Million)
Table 24 Global AI in Manufacturing Market Size for Quality Management, by Country/Region, 2018-2027 ($Million)
Table 25 Global AI in Manufacturing Market Size for Cybersecurity, by Country/Region, 2018-2027 ($Million)
Table 26 Global AI in Manufacturing Market Size for Industrial Robot, by Country/Region, 2018-2027 ($Million)
Table 27 Global AI in Manufacturing Market Size for Material Handling, by Country/Region, 2018-2027 ($Million)
Table 28 Global AI in Manufacturing Market Size for Production Planning, by Country/Region, 2018-2027 ($Million)
Table 29 Global AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 30 Global AI in Manufacturing Market Size for Semiconductors & Electronics, by Country/Region, 2018-2027 ($Million)
Table 31 Global AI in Manufacturing Market Size for Energy & Power, by Country/Region, 2018-2027 ($Million)
Table 32 Global AI in Manufacturing Market Size for Pharmaceuticals, by Country/Region, 2018-2027 ($Million)
Table 33 Global AI in Manufacturing Market Size for Medical Devices, by Country/Region, 2018-2027 ($Million)
Table 34 Global AI in Manufacturing Market Size for Automotive, by Country/Region, 2018-2027 ($Million) 
Table 35 Global AI in Manufacturing Market Size for Heavy Metals & Machine Manufacturing, by Country/Region, 2018-2027 ($Million) 
Table 36 Global AI in Manufacturing Market Size for Food & Beverages, by Country/Region, 2018-2027 ($Million)
Table 37 Global AI in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 38 North America: AI in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 39 North America: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 40 North America: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 41 North America: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 42 North America: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 43 North America: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 44 North America: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 45 North America: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 46 U.S.: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 47 U.S.: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 48 U.S.: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 49 U.S.: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 50 U.S.: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 51 U.S.: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 52 U.S.: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 53 Canada: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 54 Canada: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 55 Canada: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 56 Canada: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 57 Canada: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 58 Canada: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 59 Canada: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 60 Europe: AI in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 61 Europe: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 62 Europe: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 63 Europe: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 64 Europe: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 65 Europe: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 66 Europe: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 67 Europe: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 68 Germany: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 69 Germany: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 70 Germany: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 71 Germany: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 72 Germany: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 73 Germany: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 74 Germany: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 75 U.K.: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 76 U.K.: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 77 U.K.: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 78 U.K.: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 79 U.K.: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 80 U.K.: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 81 U.K.: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 82 France: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 83 France: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 84 France: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 85 France: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 86 France: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million) 
Table 87 France: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 88 France: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 89 Italy: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 90 Italy: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 91 Italy: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 92 Italy: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 93 Italy: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 94 Italy: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 95 Italy: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 96 Spain: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 97 Spain: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 98 Spain: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 99 Spain: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 100 Spain: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 101 Spain: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 102 Spain: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 103 RoE: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 104 RoE: AI in Manufacturing Software Market Size, by Type, 2018-2027 (Million)
Table 105 RoE: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 106 RoE: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 107 RoE: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 108 RoE: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 109 RoE: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 110 Asia Pacific: AI in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million)
Table 111 Asia Pacific: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 112 Asia Pacific: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 113 Asia Pacific: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 114 Asia Pacific: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 115 Asia Pacific: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 116 Asia Pacific: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 117 Asia Pacific: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 118 China: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 119 China: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 120 China: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 121 China: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 122 China: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 123 China: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 124 China: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 125 Japan: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 126 Japan: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 127 Japan: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 128 Japan: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 129 Japan: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 130 Japan: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 131 Japan: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 132 India: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 133 India: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 134 India: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 135 India: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 136 India: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 137 India: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 138 India: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 139 South Korea: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 140 South Korea: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 141 South Korea: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 142 South Korea: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 143 South Korea: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 144 South Korea: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 145 South Korea: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 146 RoAPAC: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 147 RoAPAC: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 148 RoAPAC: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 149 RoAPAC: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 150 RoAPAC: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 151 RoAPAC: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 152 RoAPAC: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 153 Latin America: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 154 Latin America: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 155 Latin America: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 156 Latin America: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 157 Latin America: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 158 Latin America: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 159 Latin America: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 160 MEA: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million)
Table 161 MEA: AI Software in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 162 MEA: AI Services in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 163 MEA: AI Hardware in Manufacturing Market Size, by Type, 2018-2027 ($Million)
Table 164 MEA: AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million)
Table 165 MEA: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million)
Table 166 MEA: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million)
Table 167 Number of Developments by the Major Players during 2016-2019
Table 168 New Product Launches, 2016-2019
Table 169 Mergers and Acquisitions, 2016-2019
Table 170 Partnerships, Agreements, & Collaborations, 2016-2019

LIST OF FIGURES

Figure 1 Research Process
Figure 2 Key Executives Interviewed
Figure 3 Primary Research Techniques
Figure 4 Market Size Estimation
Figure 5 Key Opportunities
Figure 6 Key Adopters of Artificial Intelligence in Manufacturing Market
Figure 7 Artificial Intelligence in Manufacturing Market Overview: 2018-2027
Figure 8 Global Artificial Intelligence Manufacturing Market, By Geography, 2018
Figure 9 Global Artificial Intelligence in Manufacturing Market Size, Component, 2018-2027 ($Million)
Figure 10 Global Artificial Intelligence in Manufacturing Market Size, By Technology,2018-2027 ($Million)
Figure 11 Global Artificial Intelligence in Manufacturing Market Size, By Application, 2018-2027 ($Million)
Figure 12 Global Artificial Intelligence in Manufacturing Market Size, By Application, 2018-2027 ($Million)
Figure 13 Global Artificial Intelligence in Manufacturing Market Size, By Region, 2018-2027 ($Million)
Figure 14  Growth Strategies Adopted by the Key Players, 2016-2020
Figure 15 Google LLC: Financial Overview (2016-2018)
Figure 16 IBM Corporation: Financial Overview (2016-2018)
Figure 17 Intel Corporation: Financial Overview (2016-2018)
Figure 18 Microsoft Corporation: Financial Overview (2016-2018)
Figure 19 Nvidia Corporation: Financial Overview (2017-2019)
Figure 20 Oracle Corporation: Financial Overview (2017-2019)
Figure 21 Siemens AG: Financial Overview (2016-2018)
Figure 22 SAP SE: Financial Overview (2016-2018)
Figure 24 General Electric Company: Financial Overview (2016-2018)
Figure 25 Robert Bosch GmbH: Financial Overview (2016-2018)
Figure 26 Cisco Systems, Inc.: Financial Overview (2016-2018)
Figure 27 Rockwell Automation: Financial Overview (2017-2019)
Figure 28 Advanced Micro Devices: Financial Overview (2017-2019)
Figure 29 Sight Machine, Inc.: Financial Overview (2016-2018)


Artificial Intelligence (AI) in manufacturing market is expected to reach $27 billion by 2027, at a CAGR of 39.7% during the forecast period of 2019 to 2027. The advent of industrial 4.0, increasing huge & complex amount of dataset, and rising adoption of industrial IoT in manufacturing industry are some of the key factors driving the growth of the artificial intelligence in manufacturing market. However, lack of infrastructure & high procurement operating costs in various countries obstructs the growth of this market to some extent.

 Promising government initiatives & investments in developing nations fuels the growth of the global artificial intelligence in manufacturing market

At present, an ever-growing set of government regulations is impacting almost every organization including public companies as well as single suppliers. However, in developing nations, there are a variety of limitations that affect the adoption of AI-based solutions and services for the manufacturing industries. Therefore, the use of digital government strategy, platforms, and initiatives help leaders to achieve designated objectives in line with serving the people efficiently. For instance, in 2017, to keep pace with the fast evolution and automation in the era of the industrial 4.0 revolution, in South Korea, the Ministry of Trade, Industry, and Energy (MOTIE) announced to increase the number of domestic smart factories to around 30,000 operating with the latest digital and analytical technologies by 2025. Further, by 2020, the South Korean government will incentivize companies focused on developing technology related to smart factories by injecting $189.3 million into research and development projects. Such initiatives are bringing the industry verticals to bridge intelligent based solutions for manufacturing operations through industrial robotics and artificial intelligence. Thus, the government initiatives towards the adoption of technologies & policies promoting digitization, especially in developing nations, is one of the key factors expected to fuel the growth in the global artificial intelligence (AI) in manufacturing market in the coming years.

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 Key findings in artificial intelligence in manufacturing market study:

AI software segment dominated the global artificial intelligence in manufacturing market in 2019

Based on component, the AI software segment commanded the largest share of the overall artificial intelligence in manufacturing market in 2019. The large share of this segment is attributed to the factors such as growing usage of learning analytics; growing acceptance of assistants driven by machine learning, NLP, computer vision techniques; and an increase in demand for AI platforms for manufacturing operations. However, the service segment is expected to grow with the fastest CAGR during the forecast period.

Machine learning technology to witness the largest demand through 2027

Based on the technology, the machine learning technology segment commanded the largest share of the overall market in 2019. This is primarily attributed to the factors such as increasing demand for predictive maintenance & machinery inspection, material handling, production planning; and an increase in the unstructured data generated by the manufacturing industry. Moreover, the increase in demand for anomaly detection, root cause analysis, and quality control in manufacturing operations is further contributing to the growth of the machine learning technology market in the coming years. However, computer vision technology is projected to grow at the fastest CAGR during the forecast period.

Predictive maintenance & machinery inspection application commanded the largest share of the overall AI in manufacturing market in 2019

Based on application, the predictive maintenance & machinery inspection application commanded the largest share of the overall AI in manufacturing market in 2019, which is attributed to the increasing demand for self-monitoring, improving production capacity, minimizing unplanned downtime, and real-time plant monitoring. Moreover, increasing demand to reduce costs related to operating heavy equipment, for anomaly detection, and for root cause analysis will result in the predictive maintenance & machinery inspection application segment emerging as the fastest-growing segment during the forecast period.

The heavy metals & machine manufacturing sector is projected to grow with the fastest CAGR during the forecast period

Based on industry vertical, the automotive sector commanded the largest share of the overall AI in manufacturing market in 2019. However, the heavy metals & machine manufacturing sector is projected to grow with the fastest CAGR during the forecast period. In order to remain competitive, attract new talent, and retain knowledge from an aging workforce, the metal and material manufacturing companies are increasingly adopting  smart technologies like Artificial Intelligence (AI). The factors such as growing need to optimize the production line, reduce unplanned downtime, improve operational productivity, reduce cost, and create synergies across the facility fuels the adoption of AI in metal and materials manufacturing sector. Moreover, the core focus of AI in metals is managing continuous production processes to ensure equipment reliability and consistency. This means using AI in areas like tracking, predicting and managing quality, and eliminating variability by learning from historical data.

Asia-Pacific: The fastest-growing regional market

North America commanded the largest share of the global artificial intelligence in manufacturing market in 2019, followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific region is expected to witness rapid growth during the forecast period. The rapid growth in this region is mainly driven by increasing investment by technology leaders in this region, growing AI spending, increasing digitization, and favorable government initiatives to promote the adoption of advanced technologies in the developing countries such as India, South Korea, and China. Asia’s AI growth will soon overtake the U.S. as the biggest hub of innovation centers due to a strong growth rate. Followed closely by India, China is the key contributor to the region’s AI efforts, driven mainly by its talent and industry support.

Key Players

The report includes competitive landscape based on the extensive assessment of the key strategic developments adopted by the leading market participants in the artificial intelligence in manufacturing market over the last four years (2017-2020). The key players profiled in the global artificial intelligence in manufacturing market are Alphabet, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Siemens AG (Germany), General Electric Company (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), and Sight Machine, Inc. (U.S.), among others.

Scope of the report

Market by Component                               

  • Hardware
    • Processors
    • Networking Solutions
    • Memory Solutions
  • Software
    • AI Platforms
    • AI Solutions
  • Services
    • Deployment & Integration
    • Support & Maintenance

Market by Technology                  

  • Machine Learning
  • Natural Language Processing
  • Context-Aware Computing
  • Computer Vision

Market by Industry Vertical                    

  • Semiconductors & Electronics
  • Energy & Power
  • Pharmaceuticals
  • Medical Devices
  • Automotive
  • Heavy Metals & Machine Manufacturing
  • Food & Beverages

Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa
Artificial intelligence is a core element of manufacturing industries that are used to optimize manufacturing supply chains and help organizations anticipate market changes. AI in manufacturing industry enables engineers to systematically develop and deploy AI components for optimizing operational efficiency and boost profitability. The artificial intelligence in manufacturing market involves the demand analysis of various segments and sub-segments of AI in manufacturing industries at the regional and country level.
The global artificial intelligence in manufacturing market is projected to reach $27 billion by 2027 from $1.9 billion in 2019, at a CAGR of 39.7% during the forecast period.
Based on components, AI software commanded the largest share of the overall artificial intelligence in manufacturing market in 2019. However, AI services are projected to grow with the fastest CAGR during the forecast period.
Based on industry vertical, the automotive sector commanded the largest share of the overall AI in manufacturing market in 2019.
The advent of industrial 4.0, increasing huge & complex amount of dataset, and rising adoption of industrial IoT in manufacturing industries are some of the major factors driving the growth of the artificial intelligence in manufacturing market.
Lack of infrastructure & high procurement operating costs in various countries is one of the major restraints in the market.
Some of the key players operating in the global artificial intelligence in manufacturing market are Alphabet, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Siemens AG (Germany), General Electric Company (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), and Sight Machine, Inc. (U.S.).
Some of the high growth countries in the AI in manufacturing market are the U.S., Germany, the U.K., China, Japan, and South Korea.
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Tags: Artificial Intelligence AI Techcnologies Industrial AI
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